MANTEQ: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MANTEQ
Largest movements
- Receivables within one year -€119,182
down €119,182 (-45.1%), from €264,080 to €144,898
of which Other amounts receivable: -€123,485
- Cash -€4,752
down €4,752 (-23.5%), from €20,214 to €15,463
mainly Trade debts (-€142,602) and Current portion of long-term debt (-€9,468)
- Tangible fixed assets -€3,351
down €3,351 (-8.8%), from €38,200 to €34,849
- Trade debts -€142,602
down €142,602 (-85.7%), from €166,366 to €23,764
- Profit (loss) carried forward +€26,825
up €26,825 (+21.4%), from €125,304 to €152,129
- Current portion of long-term debt -€9,468
no longer reported in 2025 (was €9,468)
- Debts after one year -€3,303
no longer reported in 2025 (was €3,303)
- Gross operating margin +€37,078
up €37,078 (+157%), from €23,633 to €60,711
- Taxes +€12,289
up €12,289 (+255%), from €4,823 to €17,112
- Other operating charges -€10,014
down €10,014 (-61.3%), from €16,327 to €6,312
- Depreciation +€4,119
up €4,119 (+48.4%), from €8,516 to €12,635
- Financial income +€3,068
new in 2025: €3,068
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,673 | €195,210 | -€129,463 | -39.9% |
| Fixed assets | 21/28 | €38,200 | €34,849 | -€3,351 | -8.8% |
| Tangible fixed assets | 22/27 | €38,200 | €34,849 | -€3,351 | -8.8% |
| Furniture and vehicles | 24 | €38,200 | €34,849 | -€3,351 | -8.8% |
| Current assets | 29/58 | €286,473 | €160,361 | -€126,112 | -44.0% |
| Amounts receivable within one year | 40/41 | €264,080 | €144,898 | -€119,182 | -45.1% |
| Trade receivables | 40 | €135,644 | €139,947 | +€4,303 | +3.2% |
| Other amounts receivable | 41 | €128,436 | €4,951 | -€123,485 | -96.1% |
| Cash at bank and in hand | 54/58 | €20,214 | €15,463 | -€4,752 | -23.5% |
| Deferred charges and accrued income | 490/1 | €2,178 | - | -€2,178 | |
| Total equity and liabilities | 10/49 | €324,673 | €195,210 | -€129,463 | -39.9% |
| Equity | 10/15 | €127,264 | €154,089 | +€26,825 | +21.1% |
| Contributions | 10/11 | €1,960 | €1,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,304 | €152,129 | +€26,825 | +21.4% |
| Amounts payable | 17/49 | €197,409 | €41,121 | -€156,288 | -79.2% |
| Amounts payable after more than one year | 17 | €3,303 | - | -€3,303 | |
| Financial debts | 170/4 | €3,303 | - | -€3,303 | |
| Amounts payable within one year | 42/48 | €194,106 | €41,121 | -€152,985 | -78.8% |
| Current portion of amounts payable after more than one year | 42 | €9,468 | - | -€9,468 | |
| Trade debts | 44 | €166,366 | €23,764 | -€142,602 | -85.7% |
| Suppliers | 440/4 | €166,366 | €23,764 | -€142,602 | -85.7% |
| Taxes, remuneration and social security | 45 | €18,272 | €17,183 | -€1,089 | -6.0% |
| Taxes | 450/3 | €18,272 | €17,183 | -€1,089 | -6.0% |
| Other amounts payable | 47/48 | - | €174 | +€174 | |
| Non-recurring operating income | 76A | €2,982 | - | -€2,982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,516 | €12,635 | +€4,119 | +48.4% |
| Other operating charges | 640/8 | €16,327 | €6,312 | -€10,014 | -61.3% |
| Gross operating margin | 9900 | €23,633 | €60,711 | +€37,078 | +157% |
| Operating profit (loss) | 9901 | -€1,210 | €41,764 | +€42,974 | |
| Financial income | 75/76B | - | €3,068 | +€3,068 | |
| Recurring financial income | 75 | - | €3,068 | +€3,068 | |
| Financial charges | 65/66B | €416 | €895 | +€479 | +115% |
| Recurring financial charges | 65 | €416 | €895 | +€479 | +115% |
| Profit (loss) for the period before taxes | 9903 | -€1,627 | €43,936 | +€45,563 | |
| Income taxes | 67/77 | €4,823 | €17,112 | +€12,289 | +255% |
| Profit (loss) for the period | 9904 | -€6,449 | €26,825 | +€33,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,449 | €26,825 | +€33,274 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.